Innoviz Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $12.1 million, down from $15.3 million year over year
- ➤FY 2026 revenue target updated to $44–$46 million
- ➤Operational realignment targets $17.5 million annualized cost savings
- ➤Workforce reduction of approximately 20% planned under the realignment
- ➤Liquidity approximately $54.4 million as of September 30, 2026
Expert Statements
Omer Keilaf, CEO and Founder of Innoviz
“Over the past year, we took decisive steps to diversify our business and strengthen our path to long-term growth and profitability.”
Omer Keilaf, CEO and Founder of Innoviz
“We have repositioned Innoviz around two synergistic end-markets: automotive, and defense and homeland security under our Perciz brand.”
Omer Keilaf, CEO and Founder of Innoviz
“In defense, we are delivering initial customer orders.”
Omer Keilaf, CEO and Founder of Innoviz
“We are also engaged in active discussions with dozens of potential customers, including large strategic defense primes in Israel and abroad, many of which have ordered units for testing and evaluation.”
Omer Keilaf, CEO and Founder of Innoviz
“In September, MAFAT, Israel's Directorate of Defense Research and Development, recognized the maturity, robustness, and performance of our LiDARs and their suitability for defense applications.”
Omer Keilaf, CEO and Founder of Innoviz
“As warfare changes rapidly and the focus shifts to non-conventional tactics, our production-ready, automotive-grade sensors are well positioned to address today's most urgent security challenges in applications such as counter-UAS.”
Omer Keilaf, CEO and Founder of Innoviz
“We believe our partnership-oriented go-to-market approach could result in volume defense orders in the first half of next year.”
Omer Keilaf, CEO and Founder of Innoviz
“In automotive, our projects continue to progress, though third-quarter revenues were lower than expected, primarily reflecting a delay in NRE revenues as a customer shifted the timing of programs.”
Omer Keilaf, CEO and Founder of Innoviz
“We expect to realize the full value of these NREs in 2027.”
Omer Keilaf, CEO and Founder of Innoviz
“To accelerate our path to profitability, we are implementing a realignment of our operations, with expected cost savings of approximately $17.5 million on an annualized basis vs. the current run rate.”
Omer Keilaf, CEO and Founder of Innoviz
“The realignment supports our runway into 2028, and, together with our automotive and defense businesses, positions us for expansion.”
* Perciz defense and homeland security business gaining traction; engaged in active discussions with multiple strategic defense primes in Israel and abroad; Innoviz LiDARs recognized by MAFAT, Israel's Directorate of Defense Research and Development * Automotive programs with VW, Daimler Truck, and others progressing; development projects with other customers on track * Optimizing operations, with a realignment to be implemented in the fourth quarter; expected cost savings of approximately $17.5 million on an annualized basis vs. the current run rate * Revenues of $12.1 million in Q3 TEL AVIV, Israel, Nov. 11, 2026 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company," "we," or "Innoviz"), a leading supplier of high-performance, automotive-grade LiDAR sensor platforms for the automotive, security, defense, and industrial markets, today provided commercial and strategic updates on its business, reported its financial results for the quarter ended September 30, 2026, and updated its financial and operational targets for 2026.
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